WEEKLY: China's retail steel stocks ease further on week

Retail stocks of the five major finished steel items stored in the commercial warehouses across China that Mysteel regularly monitors dropped during April 24-30, marking the seventh successive on-week fall, the results of Mysteel's latest weekly survey revealed.

As of April 30, the total inventories of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate held by traders in the 132 cities under Mysteel's tracking had eased by 2.9% or 601,100 tonnes on week to 20.31 million tonnes. Despite the further on-week decline, the inventory